Monday, September 29, 2008
Bailout bill just failed in Congress
Posted by Kevin Allman on Mon, Sep 29, 2008 at 6:09 PM
On CNN; not online yet. It's dead, at least for the time being.
Stocks in free fall.
So now what?
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I hear the 2008 Mad Dog 20/20 is better than the Thunderbird. Goes better with ramen, mac and cheese, and Cat Food Helper.
Succinctly put by MarketWatch's Rex Nutting: "House to Wall Street: Drop dead." I've never been so conflicted over something I know so little about. In theory, I am glad it failed. Everything about this plan just seems plain wrong. In practice, however, I recognize this will adversely affect just about everyone. To quote another of your faves, Kevin: "Who would have dreamed that when socialism finally came to the U.S.A. it would be brought not by Bolsheviks in blue jeans but Wall Street bankers in Gucci loafers?" Think Dowd's right on there.
McCain is blaming Pelosi, just about everyone else is blaming the GOP. Stocks down 770 points: largest drop in history. Dowd is now banned from McCain's private plane. This is shaping up to to be a very "interesting" week, and we still have the VP debates to get through on Thursday. Screw wine, I'm going with moonshine. It's recession and depression proof and pretty easy and cheap to make in one's bathtub.
